The Web3/Crypto/Metaverse Ecosystem Guide — From the Minds of Lightspeed

Here’s how to get up to speed in web3/crypto/metaverse

  • We believe that the next generation of NFTs will be dominated by utility and gaming NFTs that provide functional value, NFTs that return something of value like tokens or revenue. This could include anything from character NFTs for online games (avatars) that let you earn tokens when you play with them to the NFT of a digital billboard that produces daily ad revenue to the NFT of a revenue-generating real estate asset.
  • We believe the next billion users will be onboarded in the next 5 years, and some of the best use cases are in gaming and social networks. To that end, we have invested in both in web2 for the last decade–Epic Games, Snap, Sharechat, and Splitgate to name a few. Gaming and social will likely look different in many ways in Web3.
  • We believe that web3 is a cultural and social phenomenon and applications in music, art, learning, sports, influencers and other areas will be crucial to its mass adoption.


Why This is Important

The Basics: Areas to Understand


Application in Sectors



Lightspeed: Our Favorite DAO + NFT Communities

  • Amy: BAYC and FingerprintsDAO — both are amazing communities
  • Mercedes: My two favorite projects are Crypto Coven and Mad Realities. Both are female led communities with a focus on storytelling and entertainment. Crypto Coven’s community is designed around witches. Here’s a great article about how they built it. I’m a member and NFT holder of both!
  • Nicole — VeeFriends: a fascinating example of a creator fusing his community’s values with NFTs. I also love Autograph who is bringing NFTs to the masses through celebrities, starting with sports.



  • A16z
  • Alameda Research (also market maker)
  • Animoca Brands
  • Binance Labs
  • Blockchain Capital
  • Blocktower
  • Coinbase Ventures
  • DCG
  • Delphi Digital
  • Dragonfly
  • Electric Capital
  • Framework
  • GoldenTree
  • Hypersphere
  • Jump Capital (also market maker)
  • Kingsway Capital
  • Lightspeed
  • Multicoin
  • Pantera
  • Paradigm
  • Parafi
  • Polychain
  • Redpoint
  • Ribbit
  • Sequoia
  • Standard Crypto
  • Andy Albertson at Fenwick
  • Derek Colla at Cooley
  • Art Basel
  • Mainnet
  • Moonclave
  • ETHDenver
  • Devcon
DAO Tooling Landscape
NYC Blockchain Market Mapping, by Block Research
Lightspeed’s India & SEA Crypto Market Map



Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise, Consumer, Health and Fintech sectors. Lightspeed manages $18 Billion, and has helped build 500+ companies over the past two decades.

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